Florida News

Judge backs state in fight over damages

| News Service of Florida

TALLAHASSEE — In the latest chapter in a long-running legal battle, a circuit judge has ruled that the Florida Department of Transportation cannot be forced to pay damages to bondholders because of lost toll revenues on a Panhandle bridge.

The ruling by Leon County Circuit Judge John Cooper centered on the Garcon Point Bridge, which spans part of Pensacola Bay but has never produced enough money from tolls to pay off bonds that financed its construction.

Pensacola Bridge

 

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